Hong Kong shares fall to 3-mth low on pro-democracy protests, China inches down

martes 30 de septiembre de 2014 00:58 GYT
 

* HSI -1.2 pct, H-shares -1.0 pct, CSI300 -0.1 pct

* Shanghai Composite to have biggest quarterly gain since Q4 2009

* Trading volumes dim ahead of one-week China holiday

* China coal sector jumps on tax change (Updates to midday)

By Grace Li

HONG KONG, Sept 30 (Reuters) - Hong Kong shares sank to a three-month low on Tuesday, ahead of holidays, as investors steered from risk as they wondered when the city's worst unrest in decades would end and what China's response would be.

Tens of thousands of pro-democracy protesters blocked Hong Kong streets on Tuesday, in one of the biggest political challenges to Beijing since the Tiananmen Square crackdown 25 years ago.

"At a minimum, such political ructions this time offer a concrete catalyst for investors to reduce Hong Kong exposure on increasingly adverse macroeconomic considerations in any case," Nomura said in a research note.

China shares also weakened in choppy trade, after a private survey pointed to a still-sluggish economy facing considerable risks, though the Shanghai benchmark was still heading for its biggest quarterly gain in more than four years.   Continuación...